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I just noticed that BitMine Immersion Technologies has a huge position in ETH, no less than 4.8 million tokens. That accounts for almost 4% of the total circulating supply, quite significant. The interesting part is that this week they made their largest purchase since December, so it seems they are accumulating.
Now ETH is hovering around $2.32K with a mixed movement in the last 24 hours. What draws more attention is that the company is listed on the main NYSE panel this Thursday, so that’s probably what's moving the market. We’ll see how everything reacts when the news is official.